Thai SEC blocks 5 crypto exchanges, including OKX and Bybit
Update (May 30, 2025, 11:30 am UTC): This article has been updated to add statements by a Bybit representative.
The Thai Securities and Exchange Commission (SEC) will block five cryptocurrency exchanges, including Bybit and OKX, from operating in the country.
According to a May 29 announcement, Bybit, 1000X, CoinEx, OKX and XT.COM will be blocked in the country on June 28. The SEC said the measure aims “to protect investors and crack down on illegal platforms used for money laundering.”
“The SEC advises all investors using these platforms to take necessary action regarding their assets before the shutdown date,” the agency said.
The decision follows the Royal Decree on Measures for the Prevention and Suppression of Technology…
